by Bill McBride on 12/08/2012 07:05:00 PM
Saturday, December 08, 2012
The first unofficial problem bank list was published in August 2009 with 389 institutions. The number of unofficial problem banks grew steadily and peaked at 1,002 institutions on June 10, 2011. The list has been declining since then.
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for Dec 7, 2012.
Changes and comments from surferdude808:
Nothing to report this week than removals to the Unofficial Problem Bank List. Seven institutions were removed, which leaves the list at 849 institutions with assets of $316.2 billion. From last week, assets dropped by $10.2 billion, but $4.9 billion of the decline came from balance sheet shrinkage during the third quarter. A year ago, the list held 977 institutions with assets of $399.5 billion.Earlier:
The Federal Reserve terminated actions against Hanmi Bank, Los Angeles, CA ($2.8 billion Ticker: HAFC) and Anadarko Bank and Trust Company, Anadarko, OK ($67 million).
The following institutions were removed through voluntary merger -- Southern Community Bank and Trust, Winston Salem, NC ($1.4 billion); South Valley Bank & Trust, Klamath Falls, OR ($836 million); Flatbush Federal Savings and Loan Association, Brooklyn, NY ($137 million Ticker: FLTB); Bank 1st, Albuquerque, NM ($61 million); and Lone Summit Bank, Lake Lotawana, MO ($21 million).
Next week's activity likely will be mostly removals as the OCC probably will wait until the 17th to publish its actions through November.
• Summary for Week Ending Dec 7th
• Schedule for Week of Dec 9th